Monthly Rent Report
Financial District Rent Report — February 2023
Asking rents in ZIP 10038, New York City, from 66 listings.
Median 1BR rent in Financial District was $4,628 in February 2023, up 3.4% (+$150) from January 2023. The middle half of 1BR listings asked between $4,178 and $5,425. That puts Financial District $2,428 above the New York City citywide 1BR median of $2,200. The month's figures are based on 66 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $7,233 | +$4,116 (+132.0%) | — | $4,578 – $9,870 | 4 |
| Studio | $3,976 | +$859 (+27.5%) | — | $3,923 – $4,135 | 4 |
| Studio | $4,212 | +$1,095 (+35.1%) | — | $3,665 – $4,381 | 3 |
| 1BR | $4,628 | +$150 (+3.4%) | — | $4,178 – $5,425 | 10 |
| 1BR | $4,615 | +$138 (+3.1%) | — | $4,475 – $4,936 | 14 |
| 1BR | $4,258 | −$219 (-4.9%) | — | $4,238 – $4,279 | 2 |
| 2BR | $6,673 | +$802 (+13.7%) | — | $6,393 – $8,526 | 8 |
| 2BR | $5,080 | −$791 (-13.5%) | — | $3,200 – $5,405 | 17 |
| 2BR | $6,750 | +$879 (+15.0%) | — | $6,750 – $6,750 | 1 |
| 3BR | $6,250 | +$250 (+4.2%) | — | $6,250 – $6,250 | 1 |
| 3BR | $7,300 | +$1,300 (+21.7%) | — | $5,700 – $8,900 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — February 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $7,233 | $2,260 | +$4,973 (+220.0%) |
| Studio | $3,976 | $2,260 | +$1,716 (+75.9%) |
| Studio | $4,212 | $2,260 | +$1,952 (+86.4%) |
| 1BR | $4,628 | $2,200 | +$2,428 (+110.4%) |
| 1BR | $4,615 | $2,200 | +$2,416 (+109.8%) |
| 1BR | $4,258 | $2,200 | +$2,059 (+93.6%) |
| 2BR | $6,673 | $2,695 | +$3,978 (+147.6%) |
| 2BR | $5,080 | $2,695 | +$2,385 (+88.5%) |
| 2BR | $6,750 | $2,695 | +$4,055 (+150.5%) |
| 3BR | $6,250 | $3,200 | +$3,050 (+95.3%) |
| 3BR | $7,300 | $3,200 | +$4,100 (+128.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.